Ukraine: Makeevka Works net losses up in 2017
In 2017 Makeevka Metal Works, a part of Metinvest situated on the Ukraine-uncontrolled territories, increased net losses 4.5-fold YoY, to 649.41 million UAH. According to the company statement, its losses before interest equaled its net losses. Net income dropped 4.4-fold, to 86.7 million UAH. Uncovered losses as of late 2017 totaled 1.746 billion UAH. In…
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